United States Commodity Funds rolled out another addition to its suite of “third generation” commodity ETPs this week, debuting a fund that will take a unique approach to delivering access to agriculture commodities. The United States Agriculture Index Fund (USAG) will implement a variation of the methodology used by USCI, dubbed the “contango killer” commodity ETF, that debuted in 2010 and has accumulated about $400 million in assets. Instead of maintaining static weights to various agricultural commodities, USAG will seek to replicate an index that shifts exposures based on current market conditions [see Free Report: Everything You Need To Know About Commodity ETFs]. Under The Hood USAG will seek to replicate the SummerHaven Agriculture Index Total Return, a benchmark that consists of fourteen agricultural commodities: soybeans, corn, soft red winter wheat, hard red winter wheat, soybean oil, soybean meal, canola, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs [see [...] Click here to read the original article on ETFdb.com. Related Posts: USCF Offers New Type Of Copper ETF (CPER) February ETF Flows: Commodities Are Hot, Emerging Markets Are Not ETF Insider: Euphoria Simmers After Mixed Data ETF Insider: Do Fundamentals Justify The Wall Street Rally? ETFs For Rising Copper Prices
United States Commodity Funds rolled out another addition to its suite of “third generation” commodity ETPs this week, debuting a fund that will take a unique approach to delivering access to agriculture commodities. The United States Agriculture Index Fund (USAG) will implement a variation of the methodology used by USCI, dubbed the “contango killer” commodity ETF, that debuted in 2010 and has accumulated about $400 million in assets. Instead of maintaining static weights to various agricultural commodities, USAG will seek to replicate an index that shifts exposures based on current market conditions [see Free Report: Everything You Need To Know About Commodity ETFs]. Under The Hood USAG will seek to replicate the SummerHaven Agriculture Index Total Return, a benchmark that consists of fourteen agricultural commodities: soybeans, corn, soft red winter wheat, hard red winter wheat, soybean oil, soybean meal, canola, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs [see [...]
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